If the total material cost of secondary steel products @
BSL, Jharkhand, is Rs.30 lacs exclusive of VAT @ 4%, ED @
8.24%, TCS @ 1%, and the buyer is registered under the
Company's Act, 1956 in Bihar, and carrys VAT & CST
certification but no ED registration, then what would be
the proforma of purchase invoice ? And if the Buyer sells
the above materials with the conversion charges or profit
of Rs.5 lacs within Bihar, what would be the proforma of
Sale Invoice ?
Answer Posted / tax beginner
Purchase Invoice Calculation
Basic Cost (Gross) 3000000
ED @8.24% 247200
Assesible Value 3247200
CST w/o Form C 129888
TCS @ 1% 33771
Net Amount 3410859
Assumption :
CST applicable and CST without Form C Tran, otherwise Tax
Rate 2%
Sales Price for 2nd Party 3910859
VAT 4% 156434
Net 4067293
Is This Answer Correct ? | 4 Yes | 1 No |
Post New Answer View All Answers
ER-5 & ER- 7 ER -4 related all information 1) What Fill The ER-5 & ER- 7 ER -4 2) What Infomation Fill In the return
WHAT IS TDS?SHOULD WE FILE TDS TO PURCHASE A THING .SHOULD WE PAY BOTH TDS &TCS FOR THE SAME THING
Please help me to find VAT Rates of the follwing Items in A.P 1.Fiber Glass -CSM -Roving W.R Polyster Resin G.P{general purpose)Roofing,ISO Thanks & Regards Mohan .V
A Old Government Job retired Personnel who is getting his Pension amount@Rs.11000/- per month. He has put his retirement Fund in Bank Deposit for 1 year. No Bank is deducted TDS on that amount. Do we have any way by which his TDS can be refunded or saved
on earth moving road work which type of tax is applicable?
How treat TDS & TCS in manual or Tally 9 softwere ?
What is means by Central Excise ? How to calculate Central Excise ? Central Excise form No. is ?
HOW MUCH PENALY IF SALES TAX IS NOT PAID ON DUE DATE IN HARYANA SALES TAX
what is the rate of interest when an assesse paid tax after the due date in the prescribed time limit?
Hi Kindly provide the current slab for profession tax in karnataka and due date for remittance the profession tax
what is the entry tax explain briefly?
About vat, service tax, tds, cenvat
for applying way bill for to send the materials from one state to onother state for a part load ( not full exclussive truck load)through transporter,dose it required vehical registration number or only transporter details can do.(as for part load , transporter unable to inform the vehical number in advance).kindly advise.
i dont no what is tcs and tds what the use and how to calculate Tcs&Tds
i have paid P-TAX ( employee ) in EC code & P- TAX ( COMPANY)paid in RC code.how can i solve this poblem?